Wall Street’s three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in its Baby Powder.

Hong Kong stocks slid on Friday, as concerns deepened over the health of the world’s second largest economy after China posted weak consumer and factory data.

FKLI declined from 1671.5 to 1656 before it closed at 1658 on last Friday due to the rising market fear in the global markets. The sell-off starts right upon market opening as the investors were not convinced by the market's stability. Buyers were all chased out from the market with the boosted entry of sellers which also resulted the drop in the market.

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Plan B : Cut above 1671

Plan C : Consider buying if market supported well above 1645

Plan D : Cut below 1641

FCPO

It's switch month for FCPO today, therefore, there might be adjustment of prices in the market before any direction. Dalian and soybean oil are slightly positive while Ringgit stays weak at RM4.18 against the greenback. 

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Plan A : Sell if market failed to support above 2120. Targets are 2104 and 2085.

Plan B : Buy if market supported firm above 2085. Targets are 2102 and 2127.

Plan C : Above 2120, no fresh position.

Plan D : Below 2085, no fresh position.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.